Thursday, 20 May 2010

The End of the Euro: Wheeeeeee . . . [updated]

UPDATE: Neil Hume at Alphaville reports, "they have it all planned: they are going to sink the ship (Greece). Merkel is now drafting law for orderly insolvencies, but they don't want anyone to make money out of it, hence the ban." If this is true, it 's curtains for Europe. Shorting the Euro at this point is like shorting Lehman: you may see savage short covering squeezes but the end result is well known. [Hat tip Bob English]

"Wolfgang Schäuble, the German Finance Minister, called for an urgent rewriting of the eurozone rulebook. He told the Financial Times: “I’m convinced the markets are really out of control. That is why we need really effective regulation, in the sense of creating a properly functioning market mechanism.”

CAN YOU FUCKIN BELIEVE THAT?

The Euro's failure was obvious at its inception. I've been saying it for years. So have many other objectivists.

You cannot fake reality. The chickens will come home to roost.

Mainstream economists are witchdoctors. Mainstream newspapers are for imbeciles. The general public is imbecilic.

Once Rome falls, statist politicians should be lined up and shot - ideally - and their supporter voters jailed.

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